Li Auto Inc. Sponsored ADR (NASDAQ:LI) Stock Has Average Target Price of $16.28

Shares of Li Auto Inc. Sponsored ADR (NASDAQ:LI) have received a consensus recommendation of “Reduce” from the thirteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.28.

Several brokerages have recently weighed in on LI. Weiss Ratings reiterated a “sell (d)” rating on shares of Li Auto in a report on Wednesday, August 26th. Zacks Research downgraded shares of Li Auto from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. Piper Sandler dropped their price target on shares of Li Auto from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $14.50 price target on shares of Li Auto in a research report on Wednesday, August 26th. Finally, Wall Street Zen downgraded shares of Li Auto from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 6th.

Li Auto Stock Performance

NASDAQ LI opened at $12.14 on Friday. The business’s 50-day moving average price is $11.60 and its 200 day moving average price is $14.64. Li Auto has a twelve month low of $10.66 and a twelve month high of $20.49. The company has a market capitalization of $12.57 billion, a PE ratio of -18.12 and a beta of 0.40. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.11.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Friday, July 31st. The company reported ($0.22) EPS for the quarter. The business had revenue of $3.78 billion during the quarter. Li Auto had a negative net margin of 4.44% and a negative return on equity of 6.58%. On average, research analysts predict that Li Auto will post -0.72 earnings per share for the current year.

Institutional Trading of Li Auto

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xiamen Xinweidachuang Investment Partnership Limited Partnership acquired a new stake in Li Auto in the 2nd quarter valued at $57,833,177. Quantinno Capital Management LP raised its holdings in Li Auto by 160.6% in the first quarter. Quantinno Capital Management LP now owns 192,668 shares of the company’s stock valued at $3,435,000 after acquiring an additional 118,733 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Li Auto during the 3rd quarter valued at $1,315,000. Headlands Technologies LLC acquired a new position in Li Auto during the 2nd quarter worth $1,133,000. Finally, Barometer Capital Management Inc. acquired a new position in Li Auto during the 1st quarter worth $1,548,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

About Li Auto

Li Auto Inc. is a Chinese automaker that designs, develops, manufactures and sells new energy vehicles, with a focus on family-oriented passenger vehicles. Founded in 2015 by entrepreneur Li Xiang, the company is headquartered in Beijing. Li Auto is known for its range-extended electric vehicles, which use an onboard gasoline engine to generate electricity when needed. Its products have included the Li L-series SUVs and the all-electric Li MEGA multi-purpose vehicle, alongside vehicle software and related services.